Bitcoin Blasts Off to Ridiculous Heights – Alts Go Bananas! 🚀🐒

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Ah, the ever-so-predictable dance of Bitcoin – a momentary wobble on Tuesday that vanished faster than a hitchhiker’s thumb in the rain. Without warning, it vaulted over a crucial mythic barrier, or resistance level as the jargon-mongers call it, catapulting to $116,500. Last seen at that lofty perch way back on September 19, in some forgotten epoch of crypto time. 🙃

And lo, the altcoin minions trailed suit, sprouting impressive gains like digital daisies after a peculiar downpour. Behold ZEC, PUMP, and PENGU, strutting their stuff with double-digit swagger. 🌟📈

BTC Rockets Past $116K – Presumably After Tea

As the ancient scrolls of September warned us, Bitcoin took a nose-dive at the month’s ungrateful end. Picture this: from a rosy blush over $114,000 down to the gloomy grunge under $109,000 by September 26, charting what we can dramatically label a multi-week low. How quaintly tragic. 😏

Yet that flimsy support clung on like a bad pun, and BTC meandered sideways below $110,000 for much of the weekend, probably contemplating the meaning of life. Enter the valiant bulls on Monday, shoving it past that pesky plateau to $112,500. A brief tussle with resistance followed, but undeterred, Bitcoin lunged again towards $115,000 before sunset. Rejection ensued, dropping it over two grand south to below $113,000. It idled there like a confused whale, but behold! The true breakout erupted this morning, coincidental with the US government’s dramatic shutdown. Correlation or causation? You decide. 🤨

Bitcoin leapt from its slumber to a glittering two-week high above $116,500, mere moments ago. This enthusiastic jiggle has ballooned its market cap to over $2.320 trillion on CG, while its dominion over alts hovers smugly at 56.7%. Who knew markets could be so bossy?

Alts A-Mugging – Up Like Party Poppers

A hearty chunk of those hefty altchunk alts mirrored Bitcoin’s northward trek, as if chasing a Pied Piper crypto. Ethereum has bubbled up to $4,300 on a 4% daily fling, XRP‘s flitting above $2.90, BNB lounges beyond $1,000. But the real showstoppers? SOL, DOGE, ADA, AVAX, HYPE, SOL (wait, duplicated destiny?), XLM, BCH, and SHIB – jumping like caffeinated kangaroos. 🐕🐧

Among the top 100 colossal alts, ZEC’s skyrocketed by more than 40% – a veritable space launch. PUMP’s puffed up over 27%, and PENGU’s waddled in with a 12% gain. The whole crypto cabal’s market cap has plumped up over $100 billion from yesterday’s nadir, soaring to $4.1 trillion on CG. Markets, they never cease to amaze with their whimsical whims. 😂

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2025-10-01 13:30